August 9, 2021
Capital Square, an investment sponsor specializing in tax-advantaged real estate, reported that that during the first half of 2021, the firm acquired more than $565 million in real estate (based on investment cost), took two Delaware statutory trust offerings full cycle, and launched Capital Square Apartment REIT Inc., a Regulation D real estate investment trust.
The firm said that it has sponsored 101 investment offerings that acquired 132 properties with an investment cost of $3.04 billion for more than 3,300 investors nationwide, as of June 30, 2021.
“Capital Square’s original business plan emphasized the sponsorship of Delaware statutory trusts, or DSTs, for Section 1031 exchange investors seeking tax deferral, stable returns and appreciation,” said Louis Rogers, founder and chief executive officer of Capital Square. “The DST business has grown to be highly successful. Capital Square is the second-largest sponsor of 1031 offerings in the nation (as of June 30, 2021) according to Mountain Dell Consulting LLC, which tracks the securitized 1031 exchange market.”
The company recently launched its private REIT, Capital Square Apartment REIT, to invest in multifamily properties in the Southeastern U.S. and Texas. The REIT closed on its first acquisition in May, Sapphire at Centerpointe, a Class A, 192-unit multifamily community in the Richmond suburb of Midlothian, Virginia, that was 99.5 percent occupied as of June 30, 2021.
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- On August 9, 2021